AMF Tjanstepension AB Has $85.14 Million Stake in AT&T Inc. (NYSE:T)

AMF Tjanstepension AB increased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,009,889 shares of the technology company's stock after purchasing an additional 995,866 shares during the quarter. AMF Tjanstepension AB's holdings in AT&T were worth $85,139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. AllSquare Wealth Management LLC lifted its position in shares of AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after buying an additional 378 shares during the last quarter. Next Level Private LLC raised its holdings in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC lifted its position in AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares during the last quarter. Kozak & Associates Inc. boosted its holdings in AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares during the period. Finally, Silver Oak Securities Incorporated increased its stake in shares of AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after purchasing an additional 398 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on T shares. Royal Bank Of Canada increased their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Scotiabank boosted their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.66.

AT&T Stock Up 2.0%

Shares of NYSE T opened at $28.05 on Friday. AT&T Inc. has a 52-week low of $18.97 and a 52-week high of $29.19. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The business has a fifty day moving average of $27.83 and a two-hundred day moving average of $26.97. The stock has a market cap of $200.59 billion, a PE ratio of 15.94, a PEG ratio of 3.41 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T's dividend payout ratio is 63.07%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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